# 119-hr-3382: Small Entity Update Act

119-hr-3382, Small Entity Update Act, is a 119th Congress bill sponsored by Rep. Wagner, Ann [R-MO-2] (R-MO); status passed_house; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-3382
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3382
- Congress: 119
- Title: Small Entity Update Act
- Status: passed_house
- Introduced: 2025-05-14
- Sponsor: Rep. Wagner, Ann [R-MO-2] (R-MO)
- Cosponsors: 7
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**Updates how the SEC defines "small entity" to broaden which firms, organizations, and local governments can get small-entity regulatory treatment.** It would force regular studies, reports to Congress, rulemaking, and routine inflation adjustments for dollar thresholds.

## Cosponsors (7)

- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2025-05-14T00:00:00.000Z
- Rep. Casten, Sean [D-IL-6] (D-IL), 2025-05-14T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2025-05-14T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-05-14T00:00:00.000Z
- Rep. Himes, James A. [D-CT-4] (D-CT), 2025-05-15T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-05-21T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2025-06-03T00:00:00.000Z

## Provisions PRIA read

- SEC to review 'small entity' rules: benefit, low. If enacted, this bill would make the SEC use the federal "small entity" definition for its rules, plus any SEC-specific versions. The SEC would study that definition within 1 year, and again 5 years later. Each study would consider the Regulatory Flexibility Act findings, market growth since the la…

## Related bills

- 119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act

## Sources
- [119-hr-3382 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3382)

## Related
- [119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-hr-1993)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3382 (as of 2026-07-19).